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What is eATM in ICICI Direct?

ICICIdirect Account Opening

ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now

ICICI Direct Equity ATM (eATM) is a facility wherein you will receive the money from selling shares in 30 minutes into your trading account (not bank account). In a normal settlement cycle, the money is credited on T+2 working day excluding holidays.

eATM facility is available through ICICI Direct Prime Plan. The prime plans are available at a fixed yearly cost of Rs 900, Rs 4500 or Rs 9500.

Key Features of eATM orders:

  • Money credited in 30 minutes of the sell
  • The credit of up to Rs 1 Crore per day (amount varies by the plan)

Note: The credit available through eATM is only available in your trading account. This fund can be used to buy shares or paying margin for intraday trading. The funds are not available in your bank account and thus you cannot withdraw the funds.

 

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